Interserve PLC IRV Preferred bidder for c.£100m contract

  Interserve PLC (IRV) - Preferred bidder for c.£100m contract

RNS Number : 0457R
Interserve PLC
14 November 2012

                                 News Release

14 November 2012


Interserve, the  international support  services and  construction group,  has 
been announced  preferred bidder  on a  seven year  residential and  corporate 
property contract with East Thames Group.  The contract has a potential  value 
of c.£100 million over the initial  seven year term, and includes a  provision 
to extend to fifteen years in total.

This integrated  repairs and  maintenance contract  will deliver  services  to 
13,000 properties across East London and Essex and includes a framework option
to allow neighbouring public sector bodies access to the improved services and
reduced costs of Interserve's approach.

Interserve will deliver  a strategic asset  management service, advising  East 
Thames Group  on  the  most effective  maintenance  investments  across  their 
portfolio.  They  will  also  provide  planned  and  responsive  repairs   and 
maintenance  to  East  Thames   Group's  residential  housing  and   corporate 
buildings; estate  services  to the  local  areas; project  works  across  the 
property portfolio; and building refurbishment between lettings.

East Thames Group  is a  registered housing provider  and registered  charity, 
committed to  making a  positive and  lasting difference  in East  London  and 

Bruce Melizan,  Executive  Director  at Interserve  comments  "This  strategic 
partnership further extends  Interserve's intelligent  approach to  delivering 
support services.  This  opportunity  with  East  Thames  Group  broadens  our 
residential maintenance portfolio, and will allow us to support the charity in
regenerating East London and Essex to create communities where people want  to 

                                   - Ends -

For further information please contact:

Robin O'Kelly  0118 932 0123

Director of Communications

Richard Campbell / Ian Brown 0207 307 5334

Capital MSL

About Interserve

Interserve's vision is to be the  Trusted Partner of all our stakeholders.  We 
are one of the world's  foremost support services and construction  companies, 
operating in the public and private sectors in the UK and internationally.  We 
offer  advice,  design,  construction,  equipment  and  facilities  management 
services for society's infrastructure.  Interserve is based in  the UK and  is 
listed in the  FTSE 250 index.  We have gross  revenue of £2.3  billion and  a 
workforce of over 50,000 people worldwide. Website:

                     This information is provided by RNS
           The company news service from the London Stock Exchange


MSCUOABRUVAAAAA -0- Nov/14/2012 07:00 GMT
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